Resale Purchase Costs

There are fees and taxes to be paid when purchasing a Spanish property and as a rule of thumb you should budget for a figure of around 10% on top of the actual purchase price to cover these. As a guide, the fees and taxes break down as shown below: The largest element of the overall costs is the 6% Transfer Tax which you are obliged to pay. Resale Purchase Costs, Plus Valia, is a local Town Hall levied tax which is based on the increase in value of the land on which the property sits since it´s last purchase. Making up elements of the calculation are the surface area of the land on which the property sits and the catastral value and the date of the signing of the last deed of the property. This particular tax can vary from just a couple of hundred euros to thousands of euros depending on the size of the property and area of land.